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WSJ What’s News

German Vote Boosts Europe’s Centrists

Mon, 24 Feb 2025

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A.M. Edition for Feb. 24. Markets signal relief after conservative Friedrich Merz’s victory. WSJ Berlin bureau chief Bertrand Benoit says Merz wants Europe to be more independent from the U.S. Plus, federal agencies push back on Elon Musk’s “What did you do last week?” email. And a bundle of Disney+, Hulu and Max seems to have a stronger hold on viewers than Netflix. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcription

Chapter 1: What are the key headlines for February 24?

3.652 - 25.601 Luke Vargas

Federal workers get a new ultimatum from Elon Musk. Plus, Ukraine's allies try to convince President Trump to offer Kiev an American security guarantee as the war enters its fourth year. And German elections deliver a win for the center-right alongside a historically strong showing by anti-establishment nationalists.

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26.241 - 32.723 Bertrand Benoit

The meta picture here is that the whole country is lodged to the right, in a way much like the whole of Europe has.

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33.123 - 57.435 Luke Vargas

It's Monday, February 24th. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today. U.S. federal government employees are beginning the week with a weighty message in their inboxes. Reply by the end of the day with details about what you got done at work last week.

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58.236 - 78.776 Luke Vargas

We report that email came together in a matter of hours on Saturday after President Trump directed Elon Musk to get more aggressive in his government cost cutting efforts. And by that evening, the message had been sent to more than two million federal workers, with Musk adding on social media that, quote, failure to respond will be taken as a resignation.

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Chapter 2: How are federal agencies responding to Elon Musk's email?

79.496 - 94.689 Luke Vargas

Journal reporter Scott Patterson in Washington says that compared with other recent actions by Musk and his Department of Government Efficiency, this one is being met with more pushback from top administration officials, including Trump's recently approved FBI director, Kash Patel.

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95.154 - 112.198 Scott Patterson

The heads of multiple agencies, including the FBI, are telling their employees to hold off on responding to this request. Or maybe they might give them like a form email to use because a lot of these employees do very sensitive and often secretive work.

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112.518 - 131.272 Scott Patterson

Another issue that some people pointed out is the agency that sent this request, the Office of Personnel Management, doesn't really have the management ability to tell employees and other agencies what to do. So that's created another level of confusion and pushback over this latest demand.

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131.952 - 156.211 Luke Vargas

Musk and a representative for Doge didn't respond to a request for comment. An OPM spokeswoman declined to comment. Meanwhile, the U.S. military and Congress are processing a sweeping overhaul of top Pentagon leadership announced by President Trump on Friday, which included the firing of the military's highest-ranking officer, the admiral leading the Navy, and several other senior figures.

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Chapter 3: What changes have been made to the U.S. military leadership?

157.031 - 179.022 Luke Vargas

Out are Chairman of the Joint Chiefs of Staff, Air Force General C.Q. Brown Jr., the military's highest-ranking black officer, and its top woman commander, Admiral Lisa Frank Hetty. Trump gave no reason for replacing Brown, though his appointees have said diversity policies by the Biden administration had resulted in promoting unqualified officers.

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179.783 - 205.897 Luke Vargas

To replace Brown, Trump is nominating retired Air Force Lieutenant General Dan Kaine, a supporter of the president and strong critic of the top military leadership. Kaine will require Senate confirmation. Britain and France are working on a plan to deploy 30,000 European peacekeepers in Ukraine if Moscow and Kiev reach a ceasefire deal.

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Chapter 4: What is Europe's plan for peacekeeping in Ukraine?

206.598 - 230.18 Luke Vargas

According to European officials, the plan wouldn't require the U.S. to deploy its own forces in Ukraine, something Washington has all but ruled out. but would seek to draw on U.S. military capabilities to protect the European troops in Ukraine if they were put in danger and deter Russia from violating any ceasefire. The proposal hinges on persuading President Trump to agree to the U.S.

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230.34 - 248.354 Luke Vargas

acting as what the British call a backstop to any peace deal. French President Emmanuel Macron is scheduled to meet with Trump to discuss Ukraine today, with British Premier Keir Starmer following suit on Thursday. The National Security Council and the British Embassy in Washington declined to comment.

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Chapter 5: How is Ukraine negotiating mineral rights with the U.S.?

249.815 - 265.685 Luke Vargas

Meanwhile, Ukrainian President Volodymyr Zelensky has been pressing for better terms to a mineral rights deal that the Trump administration has been pushing for, in which the U.S. would get preferential access to minerals such as titanium and lithium as payback for American aid.

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266.545 - 283.013 Luke Vargas

Zelensky said yesterday that any offer should include security guarantees and better financial terms, adding that the demand that Ukraine return $500 billion for aid provided during the war far outstripped the $100 billion that the U.S. had given.

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285.155 - 294.768 Scott Patterson

I agreed with Biden and agreed with the American Congress. I'm grateful to Congress. Both parties were present and supported the grants. A grant is not a loan and we don't have to repay the debt.

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Chapter 6: What developments have occurred in the Israel-Hamas ceasefire?

295.709 - 301.717 Luke Vargas

Trump administration officials this weekend urged Kiev to quickly accept the proposal already on the table.

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303.268 - 322.507 Luke Vargas

And the first phase of a fragile ceasefire deal between Israel and Hamas drew closer to completion over the weekend, when six Israeli hostages, the last to be released until the next phase of the deal is negotiated, were handed over in ceremonies in which the men were forced to wave to crowds and one kissed militants.

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323.368 - 341.441 Luke Vargas

Hundreds of Palestinian prisoners were also supposed to be released from Israeli custody on Saturday. However, Israel says it's temporarily withholding their release until Hamas stops staging what it called humiliating hostage handovers. Hamas says Israel's move violates the ceasefire.

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342.202 - 355.393 Luke Vargas

President Trump's Middle East envoy Steve Witkoff is heading to the region this week to try and hash out the next phase of the ceasefire. If agreed, it would lead to a permanent ceasefire and Hamas's release of its remaining hostages.

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356.074 - 379.727 Luke Vargas

However, we report today that Israel is trying to push Hamas to extend the first phase of the ceasefire in a bid to put off discussing the hardest parts of a pact to end the war. Coming up, German stocks and bonds are ticking higher after weekend elections look set to usher in a business-friendly government. We'll recap the vote with our bureau chief in Berlin after the break.

388.407 - 410.909 Luke Vargas

Let's turn now to Berlin to get some analysis on yesterday's German elections. The winner of that vote, conservative Friedrich Merz of the Christian Democratic Union, while current chancellor Olaf Scholz's Social Democratic Party scored its worst election result since the late 1800s. To put this all into context, I'm joined by the journal's Germany bureau chief Bertrand Benoit.

411.55 - 422.656 Luke Vargas

Bertrand, for those of us with no knowledge of German politics, what should we know about Merz, his domestic politics, of course, but especially how he'll be expected to work with the rest of Europe and, of course, the U.S.?

423.096 - 449.493 Bertrand Benoit

Merz is an establishment conservative. He has a pretty middle-of-the-road conservative agenda. But the twist now is that he has said that Europe would need to become more independent of the US. And that's, of course, related to the support that some people around Trump gave to the right-wing AFD, which is a rival of the CDU party, Merz's party, during the campaign.

449.96 - 460.889 Luke Vargas

For anyone listening, if Merz's CDU party sounds familiar, that's because that was Angela Merkel's party. So in some ways, Bertrand, maybe German politics reverting back to some of the norms of recent decades.

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